Bank of Cyprus

ATHEX: Benchmark weighed down by bank losses

Stocks moved within a particularly narrow range in on Tuesday's trading session at Athinon Avenue, as the entire economy was hoping for a concrete token of support to come from US President Barack Obama's visit to Athens. Eventually the benchmark closed near the day's low, with banks taking quite a hit compared to other stocks.

BoC to leave ATHEX for London bourse

Bank of Cyprus, the East Mediterranean island's largest lender, said Tuesday it would apply for a listing on the London Stock Exchange as part of its restructuring drive.

"We are delighted to be applying for a listing on the London Stock Exchange, which marks another significant step in the bank's transformation," said BoC chairman Josef Ackermann in a statement.

Cars torched outside Cyprus banker's home

NICOSIA ? Arsonists torched two cars early on Tuesday outside the home of the head of Bank of Cyprus, who has overseen a major restructuring of the island?s largest lender, police said.

John Patrick Hourican ? a former Royal Bank of Scotland senior executive who joined BoC in October 2013 ? was out of the country on business at the time of the arson attack.

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